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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and IOVANCE BIOTHERAPEUTICS, INC. (IOVA). Click either name above to swap in a different company.

AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $86.8M, roughly 1.2× IOVANCE BIOTHERAPEUTICS, INC.). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs 11.5%). AMPCO PITTSBURGH CORP produced more free cash flow last quarter ($-64.0K vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs -2.6%).

Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...

Iovance Biotherapeutics, Inc. is a biopharmaceutical startup based in San Carlos, California. The company works to develop tumor-infiltrating lymphocyte (TIL) therapies against cancer.

AP vs IOVA — Head-to-Head

Bigger by revenue
AP
AP
1.2× larger
AP
$104.4M
$86.8M
IOVA
Growing faster (revenue YoY)
IOVA
IOVA
+6.3% gap
IOVA
17.7%
11.5%
AP
More free cash flow
AP
AP
$61.8M more FCF
AP
$-64.0K
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
-2.6%
AP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AP
AP
IOVA
IOVA
Revenue
$104.4M
$86.8M
Net Profit
$-57.7M
Gross Margin
67.4%
Operating Margin
-54.0%
-84.7%
Net Margin
-55.2%
Revenue YoY
11.5%
17.7%
Net Profit YoY
-1958.9%
EPS (diluted)
$-2.87

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AP
AP
IOVA
IOVA
Q4 25
$104.4M
$86.8M
Q3 25
$103.7M
$67.5M
Q2 25
$108.9M
$60.0M
Q1 25
$99.2M
$49.3M
Q4 24
$93.6M
$73.7M
Q3 24
$92.1M
$58.6M
Q2 24
$107.1M
$31.1M
Q1 24
$110.0M
$715.0K
Net Profit
AP
AP
IOVA
IOVA
Q4 25
$-57.7M
Q3 25
$-2.2M
$-91.3M
Q2 25
$-7.3M
$-111.7M
Q1 25
$1.1M
$-116.2M
Q4 24
$3.1M
Q3 24
$-2.0M
$-83.5M
Q2 24
$2.0M
$-97.1M
Q1 24
$-2.7M
$-113.0M
Gross Margin
AP
AP
IOVA
IOVA
Q4 25
67.4%
Q3 25
43.0%
Q2 25
5.5%
Q1 25
-0.8%
Q4 24
68.7%
Q3 24
46.2%
Q2 24
-0.8%
Q1 24
Operating Margin
AP
AP
IOVA
IOVA
Q4 25
-54.0%
-84.7%
Q3 25
1.1%
-140.7%
Q2 25
-2.8%
-189.8%
Q1 25
3.9%
-245.8%
Q4 24
5.5%
-117.5%
Q3 24
2.0%
-152.1%
Q2 24
4.7%
-327.6%
Q1 24
0.1%
-16464.6%
Net Margin
AP
AP
IOVA
IOVA
Q4 25
-55.2%
Q3 25
-2.1%
-135.3%
Q2 25
-6.7%
-186.2%
Q1 25
1.2%
-235.5%
Q4 24
3.3%
Q3 24
-2.1%
-142.7%
Q2 24
1.9%
-312.2%
Q1 24
-2.5%
-15800.8%
EPS (diluted)
AP
AP
IOVA
IOVA
Q4 25
$-2.87
Q3 25
$-0.11
Q2 25
$-0.36
$-0.33
Q1 25
$0.06
$-0.36
Q4 24
$0.16
$-0.24
Q3 24
$-0.10
$-0.28
Q2 24
$0.10
$-0.34
Q1 24
$-0.14
$-0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AP
AP
IOVA
IOVA
Cash + ST InvestmentsLiquidity on hand
$10.7M
$297.0M
Total DebtLower is stronger
$117.9M
Stockholders' EquityBook value
$32.6M
$698.6M
Total Assets
$495.4M
$913.2M
Debt / EquityLower = less leverage
3.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AP
AP
IOVA
IOVA
Q4 25
$10.7M
$297.0M
Q3 25
$15.0M
$300.8M
Q2 25
$9.9M
$301.2M
Q1 25
$7.1M
$359.7M
Q4 24
$15.4M
$323.8M
Q3 24
$11.8M
$397.5M
Q2 24
$7.9M
$412.5M
Q1 24
$10.8M
$356.2M
Total Debt
AP
AP
IOVA
IOVA
Q4 25
$117.9M
Q3 25
$119.0M
Q2 25
$115.9M
Q1 25
$115.0M
Q4 24
$116.4M
Q3 24
$116.0M
Q2 24
$119.4M
Q1 24
$116.2M
Stockholders' Equity
AP
AP
IOVA
IOVA
Q4 25
$32.6M
$698.6M
Q3 25
$60.1M
$702.3M
Q2 25
$62.7M
$698.5M
Q1 25
$64.6M
$767.9M
Q4 24
$58.9M
$710.4M
Q3 24
$61.3M
$773.5M
Q2 24
$58.0M
$768.5M
Q1 24
$56.3M
$680.0M
Total Assets
AP
AP
IOVA
IOVA
Q4 25
$495.4M
$913.2M
Q3 25
$524.4M
$904.9M
Q2 25
$537.2M
$907.4M
Q1 25
$536.2M
$966.7M
Q4 24
$530.9M
$910.4M
Q3 24
$547.4M
$991.1M
Q2 24
$560.8M
$964.3M
Q1 24
$565.8M
$869.8M
Debt / Equity
AP
AP
IOVA
IOVA
Q4 25
3.61×
Q3 25
1.98×
Q2 25
1.85×
Q1 25
1.78×
Q4 24
1.98×
Q3 24
1.89×
Q2 24
2.06×
Q1 24
2.06×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AP
AP
IOVA
IOVA
Operating Cash FlowLast quarter
$2.7M
$-52.6M
Free Cash FlowOCF − Capex
$-64.0K
$-61.9M
FCF MarginFCF / Revenue
-0.1%
-71.3%
Capex IntensityCapex / Revenue
2.7%
10.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AP
AP
IOVA
IOVA
Q4 25
$2.7M
$-52.6M
Q3 25
$6.3M
$-78.7M
Q2 25
$-2.3M
$-67.4M
Q1 25
$-5.3M
$-103.7M
Q4 24
$7.5M
$-73.3M
Q3 24
$11.4M
$-59.0M
Q2 24
$-5.3M
$-98.4M
Q1 24
$4.5M
$-122.3M
Free Cash Flow
AP
AP
IOVA
IOVA
Q4 25
$-64.0K
$-61.9M
Q3 25
$3.3M
$-89.5M
Q2 25
$-3.8M
$-74.9M
Q1 25
$-7.5M
$-109.9M
Q4 24
$3.7M
$-77.5M
Q3 24
$8.4M
$-61.3M
Q2 24
$-8.0M
$-98.9M
Q1 24
$1.7M
$-126.5M
FCF Margin
AP
AP
IOVA
IOVA
Q4 25
-0.1%
-71.3%
Q3 25
3.2%
-132.7%
Q2 25
-3.5%
-124.9%
Q1 25
-7.5%
-222.8%
Q4 24
4.0%
-105.1%
Q3 24
9.1%
-104.6%
Q2 24
-7.5%
-317.9%
Q1 24
1.5%
-17685.3%
Capex Intensity
AP
AP
IOVA
IOVA
Q4 25
2.7%
10.7%
Q3 25
2.9%
16.1%
Q2 25
1.3%
12.4%
Q1 25
2.2%
12.6%
Q4 24
4.0%
5.7%
Q3 24
3.2%
3.9%
Q2 24
2.5%
1.4%
Q1 24
2.6%
583.4%
Cash Conversion
AP
AP
IOVA
IOVA
Q4 25
Q3 25
Q2 25
Q1 25
-4.62×
Q4 24
2.40×
Q3 24
Q2 24
-2.64×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AP
AP

Forged And Cast Mill Rolls$67.0M64%
Air Handling Systems$14.3M14%
Heat Exchange Coils$13.1M13%
Centrifugal Pumps$10.3M10%
Forged Engineered Products$4.0M4%

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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